BTC BEAR FLAG SPOTTED! Bitstamp BTC Target $4500!
After Analyzing the charts I noticed another bear flag forming!
I measured the monumental pole of our current BTC Bear flag, and estimated the New Bear Target, and it is way down to support around $4000 -$4500!
Another Bear flag to complete the last one!
The good news is once we hit the $4000 level the bears may become Bulls, eventually! Everyone has been calling for this capitulation swoosh down, and I agree it may become a reality. However like getting a flu shot, most of the fear and pain is in the anticipation. Most likely this will all happen while we are deep asleep and well wake up and the capitulation will be done!
@coininstant,
Nice analysis, but sad for me! When BTC up, STEEM will follow the trend!
Cheers~
Not to worry, one day it will be bull flags and bull targets! I'm hanging in with steem through the swoosh! Maybe Steem will squeak by, I'm not too worried either way!
Excellent analysis, my friend and I hope that there will be no great fall! Thank you @coininstant
All cryptocurrency prices look very chaotic and very bad now
Looks like big players like Bakkt are all set to take big entries :)
Yeah I'm waiting too! Something like Bakkt happening or ETF could change our trend! I would not be surprised if they get delayed though. After this whole BCH fork debacle there is new Data for the CFTC and SEC to analyze! Now for sure they are going to need to take the full scope of time to try to sort through this whole mess, and the implications it may or may not have on the future stability and Price of Bitcoin!
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